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Showing 1351 - 1360 of 4013 results for "Accounts"

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... the trustee to determine how to manage the request. "When an individual applies they will be presented with all open accounts that are not in retirement phase. This will include defined benefit accounts," the ATO said. "The ATO will process the application ...

The next big short

ALLY SELBY  |  THURSDAY, 23 APR 2020
... passive investing has become a big part of the vernacular of your average Australian and American investor, it still only accounts for about 15% of the ownership of the overall US investible securities, and so there's still significant room for passive ...

Funds receive first ERS applications

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... super industry last week in relation to the ERS scheme. It said industry members raised the question around duplicate accounts and whether the fund will be notified in the determination or whether the determination won't be received in this circumstance. ...

Managed accounts use broadens

HARRISON WORLEY  |  WEDNESDAY, 22 APR 2020
Latest research on financial advisers' use of managed accounts shows their increasing popularity among advisers with lower-balance clients. Once reserved for wealthy clients, managed accounts are proving popular for financial advisers with lower-balance ...

HUB24 net inflows up 72%

ALLY SELBY  |  WEDNESDAY, 22 APR 2020
... rate. As previously reported by Financial Standard, HUB24 chose not to pass this on to its members, with rates on cash accounts staying at 0%. However, HUB24 argues increasing transactional revenue, changes in portfolio asset composition and tiered administration ...

SuperFriend bolsters support offerings as demand peaks

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... insurers and other workplaces within the sector. The organisation said call centre staff working across superannuation accounts are heavily impacted by the crisis, particularly as they deal with a flood on inquiries from super fund members aiming to ...

Aussies flood to ERS as applications open

ELIZA BAVIN  |  MONDAY, 20 APR 2020
... so in the same application. If the account had been transferred to the ATO under the government's crackdown on "zombie accounts" then the member will have to transfer their account to a fund and then apply for early release. "An individual cannot apply ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... manager (and only employee) estimated it could hit about $185 million in two years, on the back of individually managed accounts and a unit trust. However, the plans did not pan out and for FY18 and FY19, the AFSL reported no activities or revenue and ...

Pension pots around the world during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... experiencing financial hardship from quarantine, job losses, or childcare are able to take up to US$100,000 from their accounts until December 31 without having to pay the 10% penalty usually applied for early withdrawals by people below 59.5 years of ...

IOOF trims operations

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
... as manager of the trust. The trust had around $553 million in funds under administration across more than 5000 client accounts at the end of March. Given operating the IMT was the main responsibility of the NZ business, IOOF has decided to shut down ...